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27 February 2013

Economists on the Minimum Wage

Question A: Raising the federal minimum wage to $9 per hour would make it noticeably harder for low-skilled workers to find employment.

Agree: 34%

Disagree: 32%

Question B: The distortionary costs of raising the federal minimum wage to $9 per hour and indexing it to inflation are sufficiently small compared with the benefits to low-skilled workers who can find employment that this would be a desirable policy.